Cuban Crisis

May 16, 2012

CUBAN CRISIS: The world may not end this year as the Mayans suggested, but serial entrepreneur / Dallas Mavericks owner Mark Cuban is dead serious about the "coming meltdown in college education." Today's student loan bubble is just like the housing one, he argues, where easy loans flowed to those looking to flip--in this case a degree--for a profit. The higher-ed industry ought to heed lessons from newspapers, where "legacy infrastructure, employee costs /structures and debt costs [kept] them from being able to re-calibrate to a new generation of competitors."